Thinking Music Education (01769) issued an announcement. The Group expects net results for the year ending December 31, 2023...
Zhitong Finance App News, Xile Education (01769) announced that the Group expects net profit of not less than RMB 80 million for the year ended December 31, 2023, an increase of not less than 47.0% over the net profit of RMB 54.4 million for the year ended December 31, 2022.
The board of directors also emphasized that the expected net profit for the year ended December 31, 2023 has included approximately RMB 8 million in share option benefits (last year: zero) and net loss of approximately RMB 12 million (last year: zero), while the live e-commerce business was terminated before the end of 2023, and no significant expenses are expected to be incurred in 2024.
In addition to share option benefit expenses and net losses from the live e-commerce business, the Group expects to achieve an adjusted net profit of no less than RMB 100 million, an increase of about 83.8% over last year's adjusted net profit of RMB 54.4 million.